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Instacart’s Value Comes Down to What Matters: Growth or Profits
- Bloomberg Intelligence values company as low as $10 billion
- Gig-economy company is one of few with a string of profits
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Instacart Inc. will be holding its much anticipated IPO in a matter of weeks. So what’s the grocery delivery company worth? That’s up for debate, but the guessing game is on.
Bloomberg Intelligence analysts put its market capitalization somewhere between $10 billion and $12 billion, below an internal valuation that was reportedly slashed multiple times last year. Bullish investors point to five consecutive quarters of profitability as evidence that it will tilt toward company expectations.